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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (61274)9/21/2008 3:21:49 PM
From: Proud Deplorable1 Recommendation  Read Replies (1) | Respond to of 78439
 
Great. Way to go. This system won't be fixed until margin (short selling) is banned for good. Those here who buy mining stocks on margin are the main part of the problem the sector and markets in general are having. To those who are reading this who use margin accounts....you are crooks in my opinion.



To: Claude Cormier who wrote (61274)9/21/2008 4:12:12 PM
From: Amark$p  Read Replies (1) | Respond to of 78439
 
some folks still using margin...

youtube.com



To: Claude Cormier who wrote (61274)9/21/2008 6:42:41 PM
From: Metacomet  Respond to of 78439
 
Thanks for that.

I thought it was just me....



To: Claude Cormier who wrote (61274)9/21/2008 6:56:22 PM
From: Proud Deplorable1 Recommendation  Respond to of 78439
 
Precisely why I will not have anything to do with the juniors until margin is abolished once and for all...and it WILL happen and it will happen soon otherwise the system will entirely collapse. If a person cannot afford to buy something then they shouldn't buy it. If one cannot afford to buy shares then put them on a credit card but buy the damn things, don't screw the rest of us by buying shares that can be shorted thus depriving those of us with ethics of a potential profit on our investments.

Even on these boards, and the short selling syndicates that destroy mining companies must be getting a good laugh over this, you have people that profess to be helping each other make money but in reality they are doing exactly the opposite.

Greed kills.



To: Claude Cormier who wrote (61274)9/23/2008 9:58:55 AM
From: newfoundland1  Read Replies (2) | Respond to of 78439
 
I was worried about a cash fund yesterday so parked the money I had in it into Central Fund of Canada (CEF)at the end of the day thinking this was safe enough as I thought the price was very closely tied to physical gold and silver and properly accounted for.

I think within minutes it was worth 15% less with some announcement of a share offering although the news release goes on to say that it won't proceed if there is a dilutive affect to existing shareholders ! As I speak we have dropped from around $12.50 yesterday to $11.00 this morning.

I obviously don't know what I am doing but talk about pitfalls for the unwary !